In the world of cryptocurrency, there are always some developments taking place. For Binance, it seems the company halted Nano deposits starting yesterday. According to a company representative, the wallet maintenance is delayed due to “blockchain issues”. It is not the first time Nano faces such issues, although the matter is usually resolved fairly quickly.
The past year has been interesting for the Nano cryptocurrency. Originally known as Raiblocks, the project rebranded to Nano several months ago. However, there have been pretty worrisome issues with this project’s “blockchain” in the past. On most of those occasions, the network would briefly grind to a halt and transactions couldn’t be processed any further.
Binance Blames Nano for the Issues
It appears history is repeating itself as we speak. Yesterday, Binance temporarily disabled deposits of this altcoin because of ongoing “blockchain issues”. More specifically, it is unclear what caused the problem exactly. Even so, the Binance team is working together with the project’s developers to resolve those issues as quickly as possible.
It is possible this is another side effect of the “immaturity” of Nano as a whole. Even so, there needs to be some sort of official communication as to what is happening to the network exactly. For some reason, the developers have not issued any official comment regarding this problem.
So far, the Nano community seems to be divided on this front. Some users are convinced Binance is to blame for these issues rather than the other way around. Whether or not that is effectively the case, remains to be determined. It is a very problematic development either way, yet one that will hopefully be resolved soon.
Header image courtesy of Shutterstock
Source: Read Full Article